TSMC sees sales head up

TaiwanSemiconductor Manufacturing (TSMC) is the latest company to join the choir singing “Ode to Joy”. The world’s largest foundry said its net consolidated sales hit approximately NT$ 30.13 billion in February, 147.5% more than in February last year. Sequential growth (i.e. compared to January 2010), however, was flat.

Total revenues for the first two months were NT$60.27 billion, 138.2% more than in the same period of 2009.

TSMC’s miniature rival UMC yesterday reported revenue of NT$17.24 billion for both January and February, compared to a rather pale NT$6.29 billion one year ago.

Chip maker Texas Instruments is also set to profit from a global rebound. The company had to warn shareholders its sales will be higher than previously expected, namely $3.07 billion to $3.19 billion, not $2.95 billion to $3.19 billion.